Hong Kong · Delayed Price · Currency is HKD WeRide Earnings Call Transcripts
Fiscal Year 2026
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WeRide showcased rapid global expansion, robust financial growth, and industry-leading technology, with significant cost reductions and operational efficiencies. The company’s L4 robotaxi business is scaling globally, achieving profitability in key regions and advancing toward break-even in China.
Fiscal Year 2025
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Record 2025 revenue grew 90% year-over-year, led by Robotaxi and Robobus expansion, with strong international growth and improving margins. Net loss narrowed, capital reserves remain robust, and a $100 million share buyback was authorized.
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Q3 saw record revenue growth of 144% year-over-year, driven by global expansion and the launch of the world's first city-level fully driverless robotaxi service outside the U.S. in Abu Dhabi. Gross margin reached 33%, and net loss narrowed by 71% as the company accelerated international deployments and partnerships.
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Q2 2025 saw 60.8% revenue growth year-over-year, led by an 836.7% surge in Robotaxi revenue and major global expansion, especially in the Middle East. Strong partnerships, regulatory wins, and new tech platforms position the company for continued growth.
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Q1 2025 revenue rose 1.8% year-over-year to RMB 72.4 million, led by strong Robotaxi growth and global expansion, including a $100 million Uber investment and new city launches. Gross margin reached 35%, while net loss narrowed 17.7% to RMB 385.1 million.
Fiscal Year 2024
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Record-breaking Robotaxi and international revenue in 2024, with global expansion to 30+ cities and strong product innovation. Q4 revenue dipped 3% year-over-year, but product sales surged and margins remained healthy. Robust cash reserves support continued R&D and global scaling.